The Best Payment Systems for a Small Business

As online transactions are gradually taking a bigger and bigger share of the trade market, small business owners should start using online payments systems as soon as possible. Once your products or services can be purchased online, you will become a global player, no matter how small your business might be.

Smooth play with ProPay

The first in the line of the SMB-friendly payment tools we are going to introduce is ProPay. One of the most affordable systems, thanks to its popular rates, ProPay offers its users a 2.6% fee for transactions via their credit cards and 3.4% per keyed transaction. In addition to these benefits, ProPay users can also count on email invoices, as well as a smartphone credit card reader. Finally, you can also include handy options, such as Donate Now, to your business website.

See why Shopify

A widely used and practical service, Shopify enables its users to literally establish an online store. What is more, users who want a higher level of security and professionalism can host their online department store on their own domain. The commission-service ratio is inversely proportional – the higher tier you choose, the lower transaction fees you pay. This system is perfect for businesses that work in the e-commerce field and according tothis review, one of the best modern tools for boosting your online sales.

Learn about 2Checkout

Becoming a 2Checkout customer is not a simple process. You have to “qualify” for their services. The safety-ensuring feature of this website is that you first have to apply to become their client, in order to be able to let your clients use this system as your payment tool. When your customers want to buy your products, they will be redirected to the 2Checkout secure payment terminal. Upon the completion of the transaction, the customers are directed back to your page.

When it comes to fees, every transaction is charged at the rate of 2.9% and additional 30 cents.

New payment brand – PayStand

A member of the cutting-edge SMB payment systems, PayStand is friendly to all sorts of payment methods; from e-checks, Bitcoins to e-cash and credits cards, you can use a wide variety of advantages that this system offers. Instead of charging individual fees per every transaction, PayStand functions on the basis of flat fees. However, the greatest thing about this tool is that its customers are not redirected to another site. Instead, a separate transaction window pops up on your own site.

No payment stint with Flint

A state-of-the-art payment tool, Flint Mobile is a unique system, because of its mobile-only character. The greatest advantage of this system is the ability to scan your client’s credits and debits cards with the mobile phone camera, so you do not need an extra reader for cards. You can use this service on both Android and iOS gadgets to keep a track record of your customers’ payments, as well as to send invoices. Another great feature of this system is the possibility to download transaction reports as Excel files. You can read more about additional business-friendly Flint featureshere.

Smart play with Promise Pay

Small businesses that want an all-inclusive approach when it comes to their business transactions should go for the Promise Pay system. It offers multi-level security protection, which includes identity verifications of both sellers and buyers. Such an approach ensures that users of Promise Pay are not exposed to online payment risks. Out of different, payment-enhancing features that this system entails, probably the most practical one for SMBs isEscrow, through which small businesses and individuals can make their payments.

As you might have noticed, we have not included large players, like PayPal or Square to our list. Their services are well-known in the whole world. The systems we have described are not that famous, but they can provide great payment services for small businesses, to improve their business agility.

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John J. Stone is a business consultant and editor at Bizzmarkblog. He is a devout believer in the notion that form should always follow function and that developing the ability to think outside of the box is a prerequisite of being a successful entrepreneur. You can contact him on Twitter. If you would like to submit a guest post click here.